Spotify Technology S.A. Misses
Spotify Technology S.A. (SPOT) reported a Quarter December 2022 loss of $1.43 per share on revenue of $3.2 billion. The consensus estimate was a loss of $1.28 per share on revenue of $3.2 billion. The Earnings Whisper number was for a loss of $1.34 per share. Revenue grew 5.1% on a year-over-year basis.
The company said in its earnings presentation it expects first quarter revenue of approximately $3.37 billion. The current consensus revenue estimate is $3.33 billion for the quarter ending March 31, 2023.
Spotify is the world’s most popular audio streaming subscription service with a community of more than 345 million Monthly Active Users and 155 million Premium Subscribers.
Spotify Technology S.A. Releases Financial Results for Fourth Quarter 2022
NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the fourth quarter of 2022 by posting an update on its Investor website. Please visit investors.spotify.com to view the update.
As previously announced, the company will host a live question and answer session to discuss fourth quarter 2022 financial results at 8:00 a.m. Eastern Time. Daniel Ek, our Founder and Chief Executive Officer, and Paul Vogel, our Chief Financial Officer, will be on hand to answer questions submitted through slido.com using the event code #SpotifyEarningsQ422.
What: Spotify Fourth Quarter 2022 Financial Results Q&A Webcast
When: Tuesday, January 31, 2023
Time: 8:00 a.m. Eastern Time
Q4 2022 Update: https://investors.spotify.com/
Slido Event Code: #SpotifyEarningsQ422
A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session.
About Spotify Technology S.A.
Spotify is the world’s most popular audio streaming subscription service with a community of more than 489 million Monthly Active Users and 205 million Premium Subscribers. With a presence in 184 markets, and more than 100 million tracks including 5 million podcast titles, it has transformed the way people access and enjoy music and podcasts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230131005216/en/
Source: Spotify Technology S.A.